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In the Solow growth model without population growth, if an economy has a steady-state value of...

Question:

In the Solow growth model without population growth, if an economy has a steady-state value of the marginal product of capita
In the Solow growth model without population growth, if an economy has a steady-state value of the marginal product of capital (MPK) of 0.125, a depreciation rate of 0.1, and a saving rate of 0.225, then the steady-state capital stock per worker: Select one: a. is less than the Golden Rule level. O b. is greater than the Golden Rule level. c. could be either above or below the Golden Rule level. d. equals the Golden Rule level.

Answers

solution- Golden rule is a concept which is given by john robinson. The steady- State is the key to understanding the Solow M

.

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